U.S. home prices continue to climb in Nov-S&P

January 29, 2013|Reuters

NEW YORK, Jan 29 (Reuters) - U.S. single-family home pricesrose in November, building on a string of gains that points to ahousing market that is on the mend, data from a closely watchedsurvey showed on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areasgained 0.6 percent in November on a seasonally adjusted basis,in line with economists' forecasts.

Prices on a non-adjusted basis slipped 0.1 percent. Thenon-adjusted numbers showed prices fell in about half of thecities covered by the survey, with the winter months typically aweak period for housing, the survey said.